debt trap Archives

Pandemic, The Russo -Ukrainian conflict leading to subsequent collapse and downfall of the market and debt- trapping of China have to fiscal status of many nations like Senegal on the verge of collapse. Different countries like Sri Lanka, which have puppets of China at the helm of nations' power with a greedy intention to keep it, have led to the nation's inflation rate going beyond 55%, power cuts and anarchy Sri-Lankan economy collapsing. Despite India handling the pandemic well compared to other countries, some states have been listening to RBI's case study report these nations to the most economically stressed conditions. These states have been falling behind economically and are possibly mini Sri Lanka which could implode India's entire economy. On the 11th of June 2022, The Re...

ArticleInternationalLatest News

Bangladesh Worries Falling Under Chinese Debt Trap Like Sri Lanka; Check Out Story Here!

Gunjan ChaudharyMay 14, 20220

The kind of economic crisis Sri Lanka is facing has raised concerns in Bangladesh as well. The common thing in Sri Lanka and Bangladesh is that both countries have taken loans from China. It is also one of the reasons behind the trouble Sri Lanka is in, its entanglement in the debt trap. China also has a large share of the total foreign debt on it. In view of the fears being expressed in Bangladesh's media and social media that a situation like Sri Lanka will arise here too, China has to issue an explanation. Dhaka based Chinese Ambassador Li Jiming spoke to reporters on Wednesday. During this, he made it clear that Bangladesh is not in any kind of debt trap. Earlier, the Chinese Ambassador met Bangladesh Foreign Minister AK Abdul Momin. This activism of the Chinese ambassador is bei...

ArticleInternational

How China Pushed Sri Lanka Into A Debt Trap, How India Can Help ?

Pooja YadavApril 11, 20220

Indian diplomacy must be more proactive when it involves Sri Lanka. China could leverage its position within the current depression. Sri Lanka’s depression is an emergent phenomenon and has been stewing for an extended time. What's strange about it's the dearth of basic planning and foresight by the Rajapaksa government to own gauged its enormity in time and initiate necessary corrective measures. The Rajapaksas themselves were also, in a way, involved in the making of this crisis. The Covid-19 pandemic affected the Democratic Socialist Republic of Sri Lanka badly. Countries closed borders and therefore the movement of individuals came to a standstill. Demand for exports, especially for the products the Democratic Socialist Republic of Sri Lanka sold, also fell. Even remittanc...